Quarterly Activities Report Q3/2017
Brisbane, Nov 1, 2017 AEST (ABN Newswire) - Lake Resources NL (
ASX:LKE) provides the Company's Quarterly Activities Report for the period ending 30 September 2017.
HIGHLIGHTS
- Four prime lithium projects - 3 brine projects and 1 hard rock project - each capable of being a 'company maker' in Argentina.
- Drilling to start in days at Kachi Lithium Brine Project in Catamarca after last stage of approval successfully completed with a local public hearing.
- Diamond drill program of 1500m in at least 3 holes with initial payments made.
- Lease approvals continue to progress in the Olaroz/Cauchari and Paso Projects in Jujuy province adjacent to Orocobre and SQM/Lithium Americas.
- Letter of Intent (LOI) signed with Catamarca State mining & energy entity to advance Kachi Project.
- Lake holds one of the largest listed lithium lease holdings in Argentina of 170,000 Ha, including areas under option.
- Kachi Lithium Brine Project covers ~52,000Ha consolidated mining leases over an undrilled salt lake near to Albermarle's Antofalla Project.
- Catamarca Pegmatite Lithium Project (~72,000 Ha), under option, with large pegmatite swarms over 150km.
- Focus in coming Quarter on drilling at Kachi Lithium Brine Project; Results expected to be substantially higher than current positive surface results.
- Lake is organizing a debt security to provide additional funding for a drill program without dilution adding to the cash position to meet current exploration initiatives.
To view the full report, please visit:
http://abnnewswire.net/lnk/0CTF2J18
About Lake Resources NL
Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.
This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.
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